The most preferred localities are Whitefiled, Bannerghatta Road and Sarjapur. The reasons for this are improved connectivity, proximity to work places and Outer Ring Road.

Electronic City area has wide variety of options in the budget range of Rs 40-60 Lakhs and is one of the affordable localities in Bangalore

For renting:

HSR Layout is the most preferred location for renting. It is connected well to Koramangala,Electronic City and Sarjapur Road.

The highest rental values are prevailing in Koramangala and Bellandur areas.

Localities close to work places like Bannerghatta Road, Electronic City, Sarjapur Road and Marathahalli continued to be affordable in terms of rental values.

Demand And Supply : City level

The property supply across Bangalore has exceeded the demand. The supply of builder floor apartments is way above the demand. The demand for multi-storey apartments in Bangalore was a mere 4% higher than its supply. The current unsold inventory in Bangalore Property market is around 40,000 units. The properties in the price range of Rs 60-80 Lakhs have high demand.

Budget Wise -Demand & Supply:

Property Type – Demand & Supply:

BHK wise – Demand & Supply:

Real estate industry and property investors both have lot of expectations from the new Government. Real estate industry is looking forward to the implementation of Real Estate (Regulation and Development) Bill in this budget sessions of the Praliament. And the end users (buyers) are looking forward to tax sops for investments in properties. Let us wait till the budget session which is scheduled for next week for more information.

Sreekanth Reddy

Sreekanth is the Man behind ReLakhs.com. He is an Independent Certified Financial Planner (CFP), engaged in blogging, financial counseling & property consultancy for the last 6 years through his firm ReLakhs Financial Services . He is not associated with any Financial product / service provider.
The main aim of his blog is to "help investors take informed financial decisions."

Comments

Dear Mr.Sreeshanth,
Appreciate your answers in a professional way.I would like to get clarification for the following.
I am planning to sell my 3bhk flat apartment at Bangalore and I need my old 2003 CMC Khata provided by the builder to be converted to BBMP Khata. Please let me know the formalities, the convertion amount, time required and the documents required for this.
Also appreciate if you can provide the contact no/email of any reliable agency who can do this in Bangalore.
Balan

Dear Srikanth,
Hope you are well. I am from Dubai and planning to invest in Bangalore real estate. I can wait for few years for if returns are good. please help me with following answers
1)Best option to invest in 50 – 75 Lakh
2)list of developers/projects I can invest to get best return in coming years
3) 2/3 bedrooms
4)is it best to buy in home loan or paying from my income? or any other?
5)As an NRI any other things/tips?

Dear Hari,
Is this for self-occupation? (Are you planning to returns and stay in this property / your parents are going to reside?)
Do you have any other loans? Are you looking for a Flat / an independent property?

Hi Sreekanth! Excellent Bangalore property review. I’m a self employed professional, living in a rent flat in Bangalore city. I wanted to know that how difficult it is to get home loan for self employed professionals like me. I want to buy a 2BHK in Bangalore.

Dear Devenn,
Thank you and nice to know that you have liked my review on Bangalore property market. For a self-employed person, the eligibility depends on factors like your Business income, assets & liabilities, co-applicant’s income (if any), stability & continuity of your business income etc., If you do not get the required loan amount from nationalized banks then do check with NBFCs (Non-Banking Finance companies like DHFL, LICHF..). Generally NBFCs charge higher rate of interest. Check this link http://goo.gl/4qNWR1 (ICICI Bank’s) to calculate your loan eligibility. (By the by, your blog is really neat and cool. All the best)